INDIANAPOLIS -- The boards of Finish Line and Genesco have approved a setting that would end the failed, $1.5 billion c by Finish Line to win its larger retail rival. A era after Genesco Inc. announced terms of the settlement, the companies said Tuesday their boards had approved it. Under the deal, Finish Line Inc. and the investment banking company UBS AG agreed to income $175 million to Genesco, which will also get a 12 percent tie in Finish Line.
The Finish Line operates 791 stores, including 94 Man Alive locations, in 47 states. Genesco operates about 2,000 retail stores in the United States and Canada under disgrace names be partial to Journeys, Johnston & Murphy and Hat Shack.
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